Crossroads GPS: “Big”
Crossroads GPS accuses Rep. Shelley Berkley (D-NV) of supporting “the largest tax increase in American history,” as well as “a plan to raise taxes on nearly a million small businesses next year.” Both charges are based on the scheduled expiration of the Bush tax cuts, and both are false. The Bush tax cuts were passed with an end date – an agreement in late 2010 extended them for two years – and allowing them to expire would not be the biggest tax increase ever. In addition, Berkley only wants to phase out tax breaks for the wealthiest Americans, which would not affect many actual small businesses or harm job creation.
Read more after the jump.